Stocks Cool Off as Hot Inflation Reignites Fears

Stocks are taking a breather today, as the latest inflation reading halts investor optimism in its tracks. The Dow Jones Industrial Average (DJIA) is down 155 points, with the blue-chip index unable to break into record high territory. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the red, though a Big Tech rally has the latter moving off its session lows. After the hotter-than-expected wholesale prices, the 2-Year Treasury yield has climbed to 3.7%. Bitcoin (BTC) is undeterred by today's profit-taking, with the cryptocurrency earlier nabbing a record high. 

Continue reading for more on today's market, including:

• Analyst sets lofty target for solar stock.
• This defense stock cannot be stopped.
• Plus, a fintech fave among options traders; RDDT streaks; and solar energy headwinds.

dLocal Ltd (NASDAQ:DLO) stock is getting blitzed by options traders today. At last check, 24,000 calls have changed hands, volume that's 14 times the average intraday amount and 5 times the number of puts traded. The August 14.47 call is the most popular, while the September 15 call is also seeing notable activity. The Uruguayan-based fintech is up 22.8% to trade at $14.36 earlier tapping a 52-week high of $14.66, after the company's beat-and-raise for the second quarter. DLO is now 34% higher year to date. 

Reddit Inc (NYSE:RDDT) stock is one of the better stocks on Wall Street today, last seen up 3.1% to trade at $242.17. Though there's no specific catalyst, the social media stock earlier hit a record high of $244.85, and is heading for a 10th win in 12 sessions. RDDT is up 60% this quarter alone, thanks in large part to a post-earnings bull gap to start the month.

Enphase Energy Inc (NASDAQ:ENPH) stock is near the bottom of the Nasdaq today, down 6.5% to trade at $32.01, at last check. Alternative energy stocks are lower across the board, amid reports that the Trump administration is preparing stricter wind and solar subsidy rules. Enphase stock is nursing a 53% deficit in 2025.